Washington

States can still take necessary steps to make crucial changes to their budgets as the coronavirus pandemic hampers the economy.

The Municipal Liquidity Facility will purchase up to $500 billion of short-term notes.

COVID-19 will have a lasting impact on economic prosperity, said Federal Reserve Bank of Chicago President Charles Evans.

He served a third of his career as a senior managing director of Citi’s Institutional Clients Group, a role from which he retired in June 2019.

Policymakers saw risks pointing to the downside and warranting a “forceful” response, according to a record of their emergency gathering on March 15.

Stay-at-home orders and school closures driven by COVID-19 have cut traffic in half or more on many toll roads and bridges.

Leading Democrats support Mitch McConnell's $250 billion for small businesses and want another $250 million for hospitals and state and local governments.

Tax-exempt and taxable deals priced as dealers opened up their balance sheets to new issues while the market still awaits word from the Fed on coronavirus-led purchase programs.

The state's ratings are low investment grade, but the secondary market is pricing its bonds as high-yield.

GASB is considering postponing the effective dates of eight statements and five implementation guides.